Last Updated: September 23, 2022, 16:08 IST
5G is predicted to roll out subsequent month in India
Speaking on the ‘Global Fintech Fest 2022’, Union IT Minister stated the federal government has reached out to over 1.5 lakh gram panchayats so far.
IT Minister Ashwini Vaishnaw on Thursday stated the federal government is investing almost $30 billion to make sure last-mile community accessibility for 4G and 5G in each village throughout the nation and construct a sturdy digital infrastructure within the rural areas. Speaking on the ‘Global Fintech Fest 2022’, Vaishnaw stated the federal government has reached out to over 1.5 lakh gram panchayats so far.
“We are now creating a whole ecosystem of village entrepreneurs, channelising the energies of youngsters to take good quality, high-speed data connectivity to every village in the country while making them a part of the growth journey,” the minister emphasised. “We have tested this model and approximately 80,000 new connections are now being facilitated every month,” he added.
https://www.youtube.com/watch?v=/HsNdt_PGHew
Vaishnaw stated there are three key areas in fintech for the federal government – constructing a sturdy digital infrastructure and a digital regulatory framework, together with social inclusion and the societal imperatives round it. Sharing his views on the digital regulatory framework, the minister stated that telecom is the very basis of Digital India.
“Prime Minister Narendra Modi has given us a clear mandate to overhaul our digital regulatory framework such that it is globally benchmarked and endorses global competitiveness,” stated Vaishnaw.
Talking in regards to the integration of cost programs throughout the transportation sectors, he stated that whereas a challenge was taken up on frequent mobility, “the way technology has evolved over the last 5-10 years, I think instead of a card, probably the mobile phone itself will become the common integrating factor”.
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